Currency pair Australian dollar against the US dollar AUD USD continues to move in the upward movement, but for the moment remains the potential to reduce the pair quotes at 0.7545 area, where we can expect the beginning of formation of reversal pattern Forex Head and Shoulders.
Forex AUD USD Forecast on February 6, 2017
Cancellation option of falling Australian dollar quotations will be a strong growth area of 0.77 and a break that will indicate a potential local maximum test area. Among the important news from Australia that can influence the course of AUD/USD is to provide, Retail Sales.
Forex AUD USD Forecast on February 6, 2017 suggests an attempt to drop a pair of quotes to 0.7545 where we can expect the beginning of formation of topping Forex Head and Shoulders pattern that points to a continuation of the fall.
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